No. of Recommendations: 4
All I can say is that my one-year liquid e-fund earning almost no interest was pretty important when I had a long stretch with no work. If I had put all those tens of thousands of $$$ for living expenses on a credit card, and had no e-fund my head would have exploded (being preceded only by many months of sleeplessness before it did so).

It's stressful to have no funds and put emergencies on a CC. It's stressful to have your car break and have to run up debt to fix it. Paying down from one's savings isn't actually very stressful. I had a year+ of mellow hanging out as opposed to a year+ of sleeplessness and increasing debt.
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